Coca Cola (KO) to Acquire AB InBev's (BUD) CCBA Stake
- Asia stocks bounce as soaring dollar pauses
- Taiwan Semi (TSM) Q1 profit beats expectations on AI demand
- Dollar rally stalls after rare FX warning from finance chiefs
- Oil stabilises after sharp drop on demand concerns, easing of Middle East tension
- Netflix's subscribers, TSMC, Tesla upside - what's moving markets
- Hasbro (HAS) Announces Resignation of Cynthia Williams, President of Wizards of the Coast and Hasbro Gaming
- ICZOOM Group (IZM) Discloses Request to Withdraw Registration Statement on Form F-1
- Alaska Airlines flights resume after being grounded over aircraft system issue
- Crude Inventory Rose 2.7 Million Barrels Last Week, Says EIA
- Lithium Americas Corp (LAC) Announces Proposed 55M Share Offering
- After-hours movers: Alcoa rises; Equifax and Las Vegas Sands fall
- Midday movers: Travelers, JB Hunt fall; United Airlines rises
- After-hours movers: United Airlines, J.B. Hunt, and more
- Midday movers: Morgan Stanley, UnitedHealth rise; Tesla falls
- Morgan Stanley, UnitedHealth and Bank of America rise premarket; Tesla falls
The Coca-Cola Company Exercises Call Option to Acquire Anheuser-Busch InBev’s Stake in Coca-Cola Beverages Africa
October 10, 2016 5:24 PM EDTATLANTA--(BUSINESS WIRE)-- The Coca-Cola Company today announced its intention to acquire Anheuser-Busch InBevs (ABI) stake in Coca-Cola Beverages Africa (CCBA) following the closing of the ABI combination with SABMiller.
The company has chosen to exercise its right to acquire ABIs stake in CCBA because it intends to implement its long-term strategic plan in these markets with other partners. While the company respects ABIs capabilities, it has a number of existing partners who are highly qualified and interested in these bottling territories.
During the next few months the company will negotiate the terms of the... More